By William Gullotti
Buffalo, N.Y., Sept. 29 – Hong Kong Mortgage Corp. Ltd. priced HK$200 million of 5.005% notes due 2025 at par, according to a listing notice with an appended pricing supplement on Friday.
The notes are issued under the company’s $30 billion medium-term note program and are non-callable.
Credit Agricole CIB is the dealer for the non-syndicated offering.
Proceeds will be applied to meet general financing needs.
Listing for the Regulation S notes is expected on the Hong Kong Exchange effective Sept. 29.
Hong Kong Mortgage is a government-controlled buyer of home loans.
| Issuer: | Hong Kong Mortgage Corp. Ltd.
|
| Amount: | HK$200 million
|
| Issue: | Notes
|
| Maturity: | March 28, 2025
|
| Dealer: | Credit Agricole CIB
|
| Counsel to issuer: | Clifford Chance (Hong Kong, England)
|
| Counsel to dealer: | Allen & Overy (England)
|
| Coupon: | 5.005%
|
| Price: | Par
|
| Yield: | 5.005%
|
| Call feature: | Non-callable
|
| Pricing date: | Sept. 25
|
| Issue date: | Sept. 28
|
| Listing date: | Sept. 29
|
| Distribution: | Regulation S
|
| ISIN: | XS2695399928
|
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